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Silver Forecast: Willing to Buy

From dailyforex.com

Silver markets fell hard during the trading session on Thursday, piercing the $24 level. By breaking down below there and turning around to form a bit of a hammer, that of course suggests that there is a lot of buying pressure underneath there. The hammer of course is a bullish candlestick, and it suggests that there are still people out there willing to buy silver. I am one of those people as well, but I also recognize that you will have to pay close attention to the US dollar, because it has a massive negative correlation with silver. With central banks around the world continuing to liquefy and loosen monetary ... (full story)

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  • Category: Technical Analysis